A new law in Iceland is requiring all companies to prove that their wage practices don't discriminate against women, in what is thought to be a global first in the effort to reduce gender pay gaps. The law seeks to erase a current pay gap between men and women of about 5.7 percent that can't be explained by differing work hours, experience or education levels, as measured by Statistics Iceland. Iceland wants to eradicate the gender pay gap by 2022. Companies with more than 25 workers will have to obtain an "equal pay certification" from an accredited auditor showing that they are basing pay differences on legitimate factors such as education, skills and performance. Big companies with more than 250 employees have until the end of the year to get the certification, while the smallest have until the end of 2021.

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